This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $73,290 initial cash invested.
-16.42%
Cash On Cash
3.43%
Cap Rate
0.52
DSCR
$1,548
Rent
-$1,003
Cashflow
Cash Flow
$1,548 income − $2,551 expenses = $1,003 out of pocket
Investment Breakdown
|
Purchase Price
$349k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,290
Downpayment
20%
$69,800
Closing costs
1%
$3,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,548
Total Expenses
$2,551
Mortgage P&I
124%
$1,923
Property Taxes
7%
$104
Home Insurance
8%
$122
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0